OneMain Holdings, Inc. (NYSE:OMF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

OneMain Holdings, Inc. (NYSE:OMF) has received an average rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $67.80.

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of OneMain in a report on Friday, July 10th. Truist Financial cut their target price on shares of OneMain from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, July 2nd. Evercore set a $66.00 price target on shares of OneMain in a report on Monday, July 6th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of OneMain in a research report on Thursday, April 16th.

OneMain Stock Performance

Shares of NYSE OMF opened at $60.30 on Monday. The business’s 50-day simple moving average is $56.79 and its 200-day simple moving average is $58.20. OneMain has a 52 week low of $45.78 and a 52 week high of $71.93. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 8.97, a P/E/G ratio of 0.46 and a beta of 1.22.

OneMain (NYSE:OMF) last announced its earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.09. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. As a group, equities research analysts forecast that OneMain will post 7.19 earnings per share for the current year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were paid a dividend of $1.05 per share. The ex-dividend date was Monday, May 11th. This represents a $4.20 annualized dividend and a yield of 7.0%. OneMain’s dividend payout ratio is presently 62.50%.

Insider Activity at OneMain

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $62.00, for a total value of $310,000.00. Following the sale, the chief operating officer owned 96,250 shares of the company’s stock, valued at $5,967,500. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael A. Hedlund sold 1,848 shares of OneMain stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $62.00, for a total value of $114,576.00. Following the completion of the transaction, the senior vice president directly owned 13,127 shares in the company, valued at approximately $813,874. This represents a 12.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OneMain

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC raised its stake in OneMain by 117.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 202 shares during the last quarter. Core Wealth Advisors LLC bought a new stake in OneMain in the 4th quarter valued at $31,000. Atlantic Union Bankshares Corp acquired a new stake in OneMain in the 4th quarter worth $36,000. Transamerica Financial Advisors LLC grew its position in OneMain by 88.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 314 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new position in shares of OneMain during the 3rd quarter worth about $46,000. Institutional investors own 85.82% of the company’s stock.

About OneMain

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.